It appears that Barack Obama has been coming under fire lately. Fueled by the questioning of his qualification to be declared a Nobel Peace Prize recipient, Obama is facing scrutiny for many of his attempts to fix the United States‘ woes.

One of the latest initiatives under the microscope is his attempt to fix our country’s mortgage crisis.

Homeowners across the nation are looking into foreclosure options for their homes as they run out of options to pay their mortgages. The Obama Administration started an initiative entitled Making Homes Affordable to help residents look at loan modification options. Indiana started its own program called the Indiana Foreclosure Prevention Network.

Now, however, some observers are saying that Obama’s mortgage solution is lackingin its efforts. The administration had a goal to help three to four million homeowners avoid foreclosure which it will probably not reach. At the same time, some feel that for many of those it has helped so far, mortgage default will likely just be delayed rather than totally avoided.

Officials are circling their wagons about what to do next since it appears that Obama’s mortgage solution is lacking in achieving its goal to ultimately help Americans avoid foreclosure. The Congressional Oversight Panel, who analyzes the use of the financial rescue fund, has said that the Treasury Department needs to reassess whether or not the current program needs to be revamped, or if they need to go back to the drawing board and come up with a new plan as increasing unemployment is expect to increase foreclosures even further.

At the same time the Congressional Oversight Panel is making these observations, the Treasury Department is saying that they have assisted 500,000 borrowers and they still believe they are on pace in three years to help another three million plus.

One reason experts from the panel feel that Obama’s mortgage solution is lacking is that the crisis being felt from foreclosures has reached beyond those affected by the subprime controversy. Because they feel that Obama’s plan was designed to help these type of borrowers, it is not working to address those now facing foreclosure due to issues such as unemployment.

Foreclosures are now facing the average American who borrowed through a fixed-rate conventional mortgage and had a down payment up to 20 percent. The panel feels that programs through the Making Homes Affordable plan are targeting the mortgage crisis from the time of its origination and not the crisis that exists today.

Some opposing Obama’s initiative reject that the plan should be extended as they feel the focus is wrong in the first place. They don’t feel that taxpayers, who are already struggling, should be picking up the slack for their neighbors.

However, the overall concensus still appears that something must be done and current programs need to be reworked. No one wants to face the far-reaching devastation that could affect communities from rising foreclosures.